BCH has been a one way trade since those heady post fork in 2017
But at this point time
there is an argument to be made in having a punt
u got a fairly low defined risk --- where u must exit and call it a loss
but there is upside potential , that suggests the risk may indeed be worth it.
Higher low ,
excellent pull back into a fib reload zone
gotta Risk...
Lets take a quick look at the BTC pair in LOG SCALE:
Consider this to be pornographic chart content
BCH is gonna finish a 5+ year long falling wedge after hitting exactly 2.618 fib level
Once this break out, its gone with a BOOM !
Hold my beer pls
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No financial advice, do your own research, don't be stupid
A higher low has been confirmed late 2023, early 2024 for the trading pair BCHBTC.
How are you feeling in this beautiful Sunday my fellow Cryptocurrency trader?
Let's dive into this Bitcoin Cash chart together.
Let me start by telling you that I am strongly bullish on this pair. The fact that we have the chart is one thing but when you combine strong bullish...
Bitcoin Cash was in a falling wedge for nearly five and a half years before it broke out of it back in June of 2023. Presently, it is re-testing the top of a dashed-line wedge drawn from wick to wick and has failed to reach the top of the solid wedge drawn from the line chart.
Holding above the wedge could lead to an approx 5.25x move against Bitcoin from its...
Good Saturday my fellow Cryptocurrency trader and Happy New Year, may 2024 bring awesome profits to your trading as well as lots of wealth, enjoyment and health to your lifestyle.
Here we can see Bitcoin Cash ending a six months long classic ABC correction.
Very clearly depicted on the chart.
The end of the correction alone is a strong enough signal to support a...
The rise occurred from the historical bottom in a strong driving wave, followed by three corrective waves. A third wave, a strong and final rise, is expected for the shaded area above.
All data is shown on the chart. Good luck
📈 What is a Falling Wedge? The Falling Wedge is a bullish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bullish reversal, with the price likely to break upward after the wedge pattern.
📈 How to Identify:
Draw a trendline connecting at least two...
◳◱ On the $BCH/ CRYPTOCAP:BTC chart, the Elliott Wave 12345 pattern suggests an upcoming trend shift. Traders might observe resistance around 0.00647 | 0.00678 | 0.00728 and support near 0.00597 | 0.00578 | 0.00528. Entering trades at 0.00604 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Bitcoin Cash
▣ Rank: 21
▣ Exchanges:...
The BCH/BTC pair is ready for a bullish impulse. As you can see Bitcoin Cash has been consolidating while Bitcoin took off the past month. But now the BCH/BTC pair is sitting at it's YTD anchored VWAP and fibSMA610. Ever since Bitcoin Cash made a +2x parabolic move starting on 6/21/23, the BCH/BTC pair has been in a range between fibSMA987 high and fibSMA610 low....
The weekly trend was down, price reached the target and this pair bottomed shortly after.
Low risk buy entry today, with invalidation a tad below 0.00726 BTC per BCH...
Upside in the short term is shown by the white box, could be the start of a longer term move as well, but that is to be seen.
Best of luck!
Cheers,
Ivan Labrie.
and got trapped with 3 legs in flag. BUT!
Expecting one more leg down ideally bounce off the wedge, then this one could get really going crazy
Invalidation: <0.00270 bye bye
Hold my beer pls
----
No financial advice, do your own research, don't be stupid
Since DEC 2018 BCH has been below the Monthly MA30 and consistently failed to close above it .
Currently BCH is attempting a break of the monthly MA30 and there are 4 days left on the monthly candle.
Can BCH close above the monthly MA30 ?
This is a challenging question to answer; However a successful close above the MA30 will pave the way for a move...
◳◱ Technical analysis to be included soon, stay tuned!
◰◲ General info :
▣ Name: Bitcoin Cash
▣ Rank: 29
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc
▣ Category/Sector: Payments - Currencies
▣ Overview: Bitcoin Cash is a Bitcoin hard fork advocating for and building towards a literal interpretation of Bitcoin as a "peer-to-peer electronic cash...
